Dedeman’s Paval Brothers One Signature Away from Paying EUR100M for The Office in Cluj
03.26.2019
Dedeman has reached an agreement with property investment company NEPI-Rockcastle and businessman Ovidiu Sandor to buy The Office building in Cluj-Napoca in the largest deal outside Bucharest, market sources say.
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CBRE: Bucharest Sees 66% Surge In Employee Numbers In IT&C Industry In Last Ten Years 02.11.2019
Over the last ten years, Romania's capital city Bucharest has seen a 66% surge in the number of employees in the IT&C industry, to more than 70,000... more
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AFI Europe Signs Non-Binding EUR60M Bid for Casa Radio in Bucharest 02.11.2019
Real estate developer AFI Europe, present on the Romanian market since 2005 through its AFI Europe Romania branch, has signed a non-binding letter... more
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Daimler Builds EUR20M Logistics Center Near Bucharest 02.11.2019
Germany’s Daimler, owner of the Mercedes-Benz brand and of the transmissions plant in Sebes in Romania, plans to develop a logistics platform in... more
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Sale of The Office in Cluj-Napoca Attracts Interest from Ion Tiriac and Paval Brothers 02.08.2019
NEPI Rockcastle and Ovidiu Sandor, the owners of The Office project in Cluj-Napoca, are in talks with several investors to sell it, among whom Ion... more
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C&W Echinox: Land Transactions in Bucharest Hit New Record in 2018 02.07.2019
Developers and real estate investors completed land acquisitions with a cumulative value of around EUR245 million last year in Bucharest, a new... more
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Developer CTP Built Plant for Opsan and Warehouse for Arctic Near Pitesti 02.06.2019
CTP, a developer of logistics and industrial space will soon complete construction of the Opsan plant near Pitesti and has already built the 20,000... more
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Alexandru Mitrache Promoted Head of Transactions – Land & Investment at C&W Echinox 02.05.2019
Cushman & Wakefield Echinox announced Tuesday it is strengthening its Capital Markets team by promoting Alexandru Mitrache as Head of Transactions... more
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Morgan Stanley Looking into Buying Hermes Business Campus in Bucharest 02.05.2019
Morgan Stanley Real Estate Romania, the local division of the US group, is looking into the acquisition of the Hermes Business Campus office... more
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CBRE: Bucharest Office Space Market Continues Accelerated Growth; To See 15 New Projects In 2019 02.04.2019
Bucharest office space market keeps growing at a fast pace, with 15 new projects of over 300,000 square meters being announced for 2019. Currently,... more
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Colliers: Some Companies Want to Relocate from India and Philippines to Bucharest 02.01.2019
The office space market in Bucharest has entered the radar of the major investors as more and more companies have been opening local divisions, and... more
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Workspace Studio Carried Out EUR5.3M Worth Of Office Fitting Projects In 2018, 30% More On Year 01.31.2019
Workspace Studio, a company specialized in fitout solutions and office furniture oriented towards human–centered ergonomic design, carried out... more
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Austria’s Real Estate Developer Supernova Enters Romanian Market With Project In Sibiu 01.29.2019
Austrian group Supernova, leader in the development and management of shopping malls and retail parks in Slovenia and Croatia, is entering the... more
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AFI to Start Construction of EUR40M Retail Park in Arad 01.28.2019
Real estate developer AFI Europe, which owns the AFI Cotroceni mall in Bucharest among others, says it will begin construction of a retail center... more
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Developer Cavar Builds 600 Apartment Complex In Southern Bucharest 01.28.2019
The Cavar group held by the Cojocar family is currently building almost 200 apartments at the intersection of Constantin Brancoveanu Blvd and Turnu... more
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Developer: When Buying a Home Is 20% Cheaper than Paying Rent for It, There’s No Reason for Crisis 01.23.2019
Lucian Azoitei, real estate developer and shareholder of Forty Management & Investments, is currently working on a 200 apartment project near the... more
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Eurostat: House Prices In Romania Lower In 3Q/2018 Versus Previous Quarter 01.18.2019
House prices in Romania fell in the third quarter of 2018, compared with the previous quarter, but grew 1.5% in the European Union, Eurostat, the... more
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C&W Echinox: Colosseum Expansion – Largest Retail Development in Bucharest in 3 Years 01.17.2019
The expansion of the Colosseum commercial center in the north-western part of Bucharest is the largest, retail development in Bucharest during the... more
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CBRE Brokers 40 Real Estate Deals In 2018; Reaches 24% Market Share In Bucharest 01.16.2019
Bucharest’s office building segment saw a fast growth rate, with 144,000 square meters of projects newly built and delivered, 15% more than in... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
